MICHIGAN EDUCATION ASSOCIATIONPub 78
Pub 78
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$60,016,935
Program Services
96%
Investments
2%
Other
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$46,929,432
Salaries & Benefits
59%
Offices, Occupancy & IT
18%
Other
15%
Fees to Service Providers
5%
Depreciation
2%
Grants
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$57,253,583
$57,915,395
+1%
Membership Dues
$0
$0
-
Investments
$863,917
$1,133,100
+31%
Other
$128,698
$968,440
+652%
Total Revenues
$58,246,198
$60,016,935
+3%
Expenses
2023
2024
Change
Grants
$242,297
$463,778
+91%
Benefits to Members
$0
$0
-
Salaries & Benefits
$30,233,786
$27,843,276
-8%
Fees to Service Providers
$2,359,344
$2,143,077
-9%
Advertising & Promotion
$214,180
$168,111
-22%
Offices, Occupancy & IT
$8,149,528
$8,319,913
+2%
Interest
$56,182
$49,121
-13%
Depreciation
$1,005,309
$928,015
-8%
Other
$7,385,009
$7,014,141
-5%
Total Expenses
$49,645,635
$46,929,432
-5%
Net income
2023
2024
Change
Net income
+$8,600,563
+$13,087,503
+52%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$49,645,635
$46,929,432
-5%
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